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401.100. _
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<br /> MORTGAGE—Ravine and Loan Form—(Direct Credit Plan). 2551 (Special)
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<br /> MORTGAGE
<br /> s?fes—x,00021
<br /> Loan Nri
<br /> THIS INDENTURE. _ 30th day of December
<br /> 19--Z-4.5 by and between
<br /> DELMER,F. GROSS AND NANCY M. GROSS; husband and wife, each in his and her own .right
<br /> ' ; and as. spouse of the other
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<br /> of Hall r..,ualp.Nebraska,asmortgagor 8 and Home Federal 3arlags.and Loan Association of Gromd..IslanaL 3
<br /> o corporation:organised and etisting under the laws of Nebraska with its principal office and place of business at Grand Island.Nebraska. 3j
<br /> as mortgagee:
<br /> WITNESSETH: That avid mortgagor--g-_, for and in consideration of the sum of
<br /> THIRTY ONE THOUSAND FIVE HUNDRED AND NO/100 dollars (y 31,500.00 )
<br /> 1 - the receipt of which Is hereby acknowledged. do by thesepresentsmortgageand warrant unto said mortgagee, its successors and
<br /> Hall
<br /> . and State of Nebraska. to-wit:.
<br /> LOT TWELVE (12) IN AMICK ACRES, SECTION TWO (2), TOWNSHIP NINE (9) eta.
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<br />� $ NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA. 2
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<br /> $ S
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<br /> Together with all heating. lighting. and plumbing equipment and fixtures.including stokers and burners.oceans.awnings. storm windows
<br /> x anddoors,and window shades or blinds,used on or in connexion with said property.whether the some are now located on said.property
<br /> 21 1 or hereafter placed thereon.
<br /> TO HAVE AND TO.HOLD THE SAME, together with all and singular the tenements.hereduaments and appurtenancesthereunto belong-
<br /> - ing,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagar_S hereby covenant_with said mortgagee
<br /> that the Yare at the delivery hereof,the lawful owner 3 of the premises above conveyed and described,andare
<br /> at
<br /> iseized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that theme'_will warrant and
<br /> defend the title thereto forever against the claims and demands of all persons whomsoever. $
<br /> PROVIDED ALWAYS. and this instrument is executed and delivered to secure the payment of the sum of ,
<br /> 4. THIRTYt- ONE THOUSAND FIVE HUNDRED AND NO/100 •- -poems (r; 31,500.00 ),
<br /> withinterest thereon, together with such charges and advances as may be duo and payable to said mortgage* under the terms and.
<br /> e,ecdittons of the promissory note of even date herewith and secured hereby,executed by said marortgagS to said mortgagee.payable
<br /> as expressed in said note,and to secure the performance of all the terms and conditions contained therein. The terms of said note are •
<br /> hereby incorporated. herein by this reference. !
<br /> It is the intention and agreement of :be parties hereto that this mortgage shall also secure any future advances made to said
<br /> martgagcr S by said mortgagee, and any and rail indebtedness in addition to the amount above stated which said mortgagors, or.any
<br /> of them. may owe to said mortgagee, however evidenced, whether by note,brok account or otherwise. This mortgage shall remain in full
<br /> forceand effect betwoen the paries hereto and their heirs, personal representatives. successors and assigns, until all amounts secured
<br /> • hereunder.including future advances,axe paid in full with interest
<br /> 1eThe sncrtgagor hereby assignto saidmortgagee all rents and income arising at any and all times from sold property and
<br /> hereby authorize said mortgagee or its agent, at its option, upon default,to take charge of said property and collect allrents and income S
<br /> therefrom and apply the same to the payment of interest,principal,insurance premiums, tams. assessments. repairs or improvements neaaas-
<br /> nary to keep said property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br /> rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder skied'in no
<br /> manner prevent or retard-said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> The failure of.the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br /> ' the same at cup latertime, and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this
<br /> 1. m�t4aga-
<br /> 2i-"-- If said mortgagor.S. when:.cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and provisions.
<br /> FFF of said notehereby secured-includingfuture advances,and any extensions or renewals thereof in accordance with the terms and provisions..
<br /> s thereof.,arid if said mortgagor.-. shall comply with all the provisions of said note and of this mortgage,then these presents shall be void:
<br /> S otherwise to remaininfull force anti effect. andsaid mortgagee shall be entitled to the possession of all of said property. and may. at its.
<br /> t# option.declare the:whole of said note cad crIl indebtedness represented thereby to be immediately due and payable,and mayforeclose this
<br /> 3FSF mortgage or take..any..other:.legal action to protect its right. and from the date of such default all items of Indebtedness secured hereby
<br /> $ shall draw interest at 8%per annum. Apprahement waived. ;s °,
<br /> $ - This mortgage shall be binding upon_ and shall ensue to the benefit of the heirs. executors.administrators, successors and assigns of I
<br /> $$ the respective parties hereto..
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<br /> IN WTTNESR.WHEREOF. said.Mortgagor`' h,.Ve hereunto set their hraed_S the day and year first above
<br /> t written.,. t.
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<br /> Delmer F. Gross,
<br /> 1 Nancy M. Gross
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